Are you familiar with the requirements and processes in administering a deceased’s estate in Malaysia? Recognising that death is a part of life cycle and not a topic of taboo, understanding the processes can simplify and streamline the tasks your loved ones will need to handle in the event of your demise.
This article serves to outline the distinctions and requirements pertaining to the Grant of Probate and Grant of Letters of Administration (“Grant of LA”) which are both governed by the Probate and Administration Act 1959.
In summary, the application for a Grant of Probate is generally more time and cost efficient compared to the application for a Grant of LA due to its reduced complexity and fewer requirements. A Grant of Probate facilitates the efficient administration of the estate, ensuring that beneficiaries receive their inheritance promptly and minimising potential delays or issues with cash flow.
A key takeaway for all readers of this newsletter is to engage in proper estate planning including putting in place a valid Will so that it allows your loved ones to manage and administer your estate more effectively when you depart this world.
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